IIFL vs Kotak Securities vs Angel One

Broker Comparison

IIFL

(2.8) Open Demat Account

Kotak Securities

(3.1) Open Demat Account

Angel One

(3.2) Open Demat Account
Basic Details
Broker Type
Broker Type Full Service Broker Full Service Broker Full Service Broker
Account Opening
Account Opening Free Free Free
Account Maintenance
Account Maintenance ₹ 250 ₹ 600 ₹ 240
Broker Ratings
Usability
Usability (2.7) (2.8) (3)
Charged
Charged (2.7) (3) (4)
Customer Service
Customer Service (3.1) (3.5) (2.5)

Frequently Asked Questions

Brokerage charge is the fee charged by the broker in exchange for the buy & selling securities or trade executed by the customers. These charges are payable by the investors on every transaction.

Kotak securities charges zero brokerage for intraday trades across Cash, Futures & Options, Currency & Commodity.

However, when it comes to the equity and commodity, the Kotak Securities brokerage charges start from 0.25% depending on the transaction value.

Click here to learn more in detail about the brokerage charges of Kotak Securities.

The cost of opening a demat account with Kotak Securities is free. However, there are other charges associated with having a demat account with Kotak Securities which include safety charges (custodian fee), annual maintenance charges, and transaction charges, depending upon the value of securities.

The 3-in-1 account of Kotak Securities includes a demat account and an online trading account with Kotak Securities and a bank account with the Kotak Mahindra Bank. You can open a 3-in-1 account with Kotak Securities by following the below steps:

  • Fill out their online application form and submit the required documents.

  • After filling out the form, call their toll free numbers 1800 222 299 / 18002099191 

  • Or, visit the nearest Kotak Securities branch office.

Angel One is known as the largest full-service retail broker of India. With more than two decades of broking experience, Angel One has effectively managed to have a pan-India presence in over 1800 cities and towns. Angel One, with its modern technology and functional trading platform, serves their best when it comes to investment and trading advisory services. And it is also known for its transparent working policies and ethical practices.

You can open a Demat account in Angel One in 2 ways:

1. Online Account Opening (Digital KYC)

  • Go to the Angel One website and go to the account opening page. 

  • Fill the application form, submit all the essential documents for In-person KYC verification and identity verification.

  • Pay the charges associated with the Demat account.

  • On the complete verification of the document, your Demat account opens, the confirmation mail will be sent to you on your registered mail ID.

2.  Visit Angel Branch Office.

Angel One offers account opening through the online Digital Know your Customer (D-KYC) process. It takes 24 hours to get the activation details. This is the fastest way of opening a Demat and trading accounts.

The IIFL Securities is a SEBI registered broker and is a member of NSE, BSE, MCX, and NCDEX. It is considered as one of the best brokers in the country when it comes to its trading platforms like the IIFL Markets Mobile app. IIFL provides one of the best research & advisory, investment solutions, and a personalized Portfolio Management Service to its customers.

IIFL securities is one of the largest independent full-service retail and institutional broking houses in India and is a trusted and well-known name in the stockbroking industry. With almost 25 years, serving over 2.3 lakh active clients in the industry, IIFL securities is a SEBI registered stockbroker with all required certifications and memberships. 

The company is trusted by its customers due to its strong brand name, values of the management, easy-to-use trading platforms, and advisory services. Hence the company can be considered as quite fair and as a customer, you can rely on IIFL Securities with your long term investments.

Nirmal Jain, the founder and executive chairman of the IIFL Finance Ltd is the current Chief Executive Officer (CEO) of IIFL, who was appointed to the post in June 2020.